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Acquisitions and Dispositions
3 Months Ended
Mar. 31, 2023
Property, Plant and Equipment [Abstract]  
Acquisitions [Text Block]
5. Acquisitions and Dispositions
Acquisition of Land. We did not acquire any land during the three months ended March 31, 2023. During the three months ended March 31, 2022, we acquired approximately 15.9 acres of land in Richmond, Texas for future development purposes for approximately $7.8 million.
Sale of Operating Property. We did not sell any operating properties during the three months ended March 31, 2023. During the three months ended March 31, 2022, we sold one operating property comprised of 245 apartment homes located in Largo, Maryland for approximately $71.9 million and recognized a gain of approximately $36.4 million.